It has been raining IPOs this year. In fact, 2021 has been a watershed year for IPOs with 53 IPOs raising close to $5 billion till the end of November, making it the best year for mobilising funds through public offers. A total of 83 IPOs have opened so far this year, including that on the BSE SME Segment. While 59 scrips listed with premium, 23 made their debuts with losses. This year has also seen an unprecedented surge in retail investors. With record retail investor influx, several IPOs lately garnered massive interest taking their subscription to over 100 times. This year alone, 5 IPOs were subscribed over 100 times. Here is a full list of IPOs in India that have got over 100x subscriptions so far. (Data: Prime Database)

RR Securities Ltd. IPO (YEAR-1995): 870.41 times

R R Securities Ltd was incorporated on 10th September 1993 with Registrar of Companies Ahmedabad Gujarat. The Main Object of the Company to carry on business of merchant banking in all aspects to act as manager. Its initial public offer was subscribed 870 times in 1995.

Sankhya Infotech Ltd IPO (YEAR-2000): 283.5 times

The Sankhya Infotech Ltd IPO saw demand at 283.5 times the Rs.1.67 crore IPO in March 2000. This remains the second highest subscribed IPO in India. Interestingly, while the issue was priced at Rs 10, the application form for the offer saw investors paying up to Rs 50, as investors scouting for the application forms had to pay a price and a scarcity value had been created ahead of the issue opening for subscription.

Salasar Techno Engineering Ltd. IPO (YEAR-2017): 270.6 times

Salasar Techno Engineering saw investor subscription to the tune of 270.6 times in July 2017 for its Rs 36 crore IPO, making it the first company in over 17 years to be oversubscribed by more than 270 times, after Sankhya Infotech.

Sibar Software Services (India) Ltd. IPO (YEAR-1999): 248.23 times

Sibar Software Services (India) Ltd. was incorporated in the year 1999. It was listed on the BSE with a BSE Code of 532302. Its IPO in 1999 was subscribed 248.23 times.

Astron Paper and Board Mill Ltd. IPO (YEAR-2017): 240.50 times

The Astron Paper IPO was subscribed 240.5 times in December 2017. The public issue subscribed 73.32 times in the retail category, 103.35 times in the QIB category, and 396.99 times in the NII category. Shares of Astron Paper and Board Mills saw a bumper listing as the stock debuted with a premium of 141 percent. Incorporated in 2010, Astron Paper and Board Mills’ is engaged in the manufacturing of kraft paper.

Rahul Merchandising Ltd. IPO (YEAR-1995): 236.15 times

Rahul Merchandising Ltd. was incorporated in 1993. Its today’s share price is 7.05. Its current market capitalisation stands at Rs 2.48 Cr. Its IPO was subscribed 236.15 times in 1995.

Paras Defence and Space Technologies Ltd. IPO (Year-2021): 213.89 times

The initial public offer (IPO) of Paras Defence and Space Technologies was subscribed 213 times. It opened for bidding on 21 September 2021 and closed on 23 September 2021. The price band of the IPO was fixed at Rs 165-175 per share. Shares of Paras Defence entered the bourses on 1 October 2021. The stock made a stellar market debut by listing at Rs 469 at nearly 170% premium against its issue price of Rs 175 per share.

Birla Kennametal Ltd. IPO (YEAR-1990): 193.07 times

Established in 1986, Birla Kennametal Ltd was renamed Birla Precision Technologies Ltd in 2013. It is now a wholly owned entity of the Yash Birla Group. The company’s IPO was subscribed 193 times in 1990.

Tobu Enterprises Ltd. IPO (YEAR-1995): 189.06 times

Tobu Enterprises Limited, a 45 year old Company engaged in the business of trading in Tricycles and Plastic Items. The company was incorporated under the provisions of the
in 1967 as a private Limited Company, which converted into a Public Limited Company in 1987 and got its shares listed in 1995 by floating a public issue which was subscribed 189 times . In 2014, it changed its name from Tobu Enterprises Ltd to Justride Enterprises Ltd.

Latent View Analytics Ltd. IPO (Year-2021): 185.32 times

The Rs 600 crore initial public offering (IPO) of Latent View Analytics Ltd. was subscribed 185.32 times. The issue was priced in the range of Rs 190-197 per share. The stock had a dream debut on the exchanges when the shares of the company were listed on the BSE at 169% premium. Shares of analytics services provider were listed at Rs 530 per share against its issue price of Rs 197 per share. This was Rs 333 gain per share for those who got Latent View Analytic share allotment.

Apollo Micro Systems Ltd. IPO (YEAR-2018): 176.45 times

Apollo Micro Systems Ltd’s Rs 156-crore IPO saw huge oversubscription of 248.51 times from 10-12 January. In 2018, the company launched the year’s first initial public offering. The maker of electronic parts for missiles to submarines, in its three-day offer issued 56.7 lakh fresh shares at Rs 270-275 apiece. Shares of Apollo Micro Systems made a strong debut on the exchanges, gaining a whopping 74 percent in the opening tick. The stock listed at Rs 478 on the BSE, an increase of Rs 203.

FCS Software Solutions Ltd. IPO (YEAR-2005): 175.88 times

FCS Software Solutions Ltd’s Rs 17.5 crore initial share sale received bids that were 175.88 times the issue size in August 2005. The company made news after it listed at a premium of more than 200% in the same year.

Indus Networks Ltd. IPO (YEAR-2000): 173.75 times

Indus Networks IPO in 2000, had a subscription of 173.75 times. The company came out with a public issue of 16,25,000 equity shares at a premium of Rs 10 per share on 27 January 2000.

Religare Enterprises IPO (YEAR-2007): 158.63 times

The IPO was subscribed a mind boggling 158.63 times at the close of bidding. The issue was open from October 29, 2007 – November 1, 2007, and the issue size was Rs 140.16 crore for close to 75.76 lakh equity shares. The price band was Rs 160-185 and the lot size was 35.

Mazagon Dock Shipbuilders Ltd. IPO (YEAR-2020): 155 times

The IPO of state-owned defence firm Mazagon Dock Shipbuilders Ltd (MDL) was subscribed 155 times. The price band for the issue was fixed at Rs 135-145 per share. Mazagon Dock Shipbuilders IPO, which opened for subscription on 30 September 2020, and closed on 1 October 2020, was for 3,05,99,017 shares through an offer for sale (OFS).

Tega Industries Ltd. IPO (YEAR-2021): 151 times

The initial public offer of Tega Industries drew massive interest from investors as the issue saw 151 times subscription. The the issue achieved highest subscription from qualified institutional buyers (QIB) category in a decade. The issue was entirely an offer for sale (OFS) of up to 13,669,478 equity shares by promoters and existing shareholders for which the price band was fixed at Rs 443-453 apiece. Shares of Tega Industries made a strong debut on Dalal Street as the scrip got listed at Rs 760 on NSE, a premium of 68 per cent over its issue price of Rs 453. On BSE, the stock listed at Rs 753, a premium of 66 per cent over the given issue price.

Everonn Systems India Ltd. (YEAR-2007): 143.99 times

The IPO was subscribed 143.99 times at the close of bidding. The issue was open from December 5, 2007 – December 12, 2007, and the issue size was Rs 438.53 crore for close to 91.36 lakh equity shares. The price band was Rs 425-480 and the lot size was 14.

Pentagon Global Solutions Ltd. IPO (YEAR-2000): 143.70 times

Pentagon Global Solutions Ltd. was incorporated in 1995. It was listed on the BSE with a BSE Code of 532314, NSE with an NSE Symbol of and ISIN of INE968A01010. Its IPO in 2000 was subscribed 143.70 times

MTAR Technologies Ltd. IPO (YEAR-2021): 138 times

MTAR Tech IPO was subscribed 138 times in March 2021. The IPO, shares under which were offered from March 3-5, fixed the price band at Rs 574-575 per share. MTAR Technologies made a solid market debut, as the scrip got listed at Rs 1,063.90 on the Bombay Stock Exchange (BSE), a 85.03 per cent premium over its issue price. On the National Stock Exchange of India (NSE), the stock debuted at Rs 1,050, a premium of 82.6 per cent over the issue price.

Mrs Bectors Food Specialities Ltd. IPO (YEAR-2020): 137 times

Mrs Bectors Food Specialities initial public offer was subscribed a whopping 137.63 times in one of the best investor responses in recent years. In fact, the initial share sale of Mrs Bectors Food Specialities, a supplier of buns to quick-service restaurant (QSR) chains such as McDonald’s, KFC, Burger King and Carl’s Jr, got oversubscribed within a few hours of opening for subscription. The offer comprised a fresh issue of Rs 40.54 crore and an offer-for-sale of up to Rs 500 crore. The price band for the share sale was fixed at Rs 286-288 apiece.

Future Capital Holdings Ltd. IPO (YEAR-2008): 131 times

The IPO was subscribed 131 times at the close of bidding. The issue was open from January 11, 2008 – January 16, 2008, and the issue size was Rs 491.34 crore for close to 64.22 lakh equity shares. The price band was Rs 310-317 and the lot size was 45.

Capacit’e Infraprojects Ltd. IPO (YEAR-2017): 130 times

The initial share sale offering of construction firm Capacit’e Infraprojects was oversubscribed 130 times in September of 2017. The price band was fixed at Rs 245-250 apiece for its Rs 400 crore IPO. Interestingly, the IPO was subscribed by just 4.82 times as at the end of second Day of bidding. Notably, non-institutional investors category was subscribed 651 times, setting the record for the highest ever subscription witnessed from non-institutional investors at the time.

Tatva Chintan Pharma Chem Ltd. IPO (YEAR 2021): 124 times

Tatva Chintan Pharma’s Rs 500-crore public issue was subscribed 124 times. The issue, which opened for subscription on 16 July 2021, consisted of a fresh issue of Rs 225 crore and an offer for sale of Rs 275 crore by the promoter and promoter group. The price band for the offer, which closed on 20 July 2021 was fixed at Rs 1,073 – Rs 1,083 per equity share. The specialty chemicals company listed on July 29 at Rs 2,310.25, marking a gain of 113.32%.

Central Depository Services (India) Ltd. IPO (YEAR-2017): 118 times

It was one of the most anticipated IPOs of 2017 and all categories of investors made a beeline for this offering. The IPO was subscribed 118 times at the close of bidding. The issue was open from June 19, 2017 – June 21, 2017, and the issue size was Rs 523.99 crore for close to 3.52 crore equity shares. The price band was Rs 145-149 and the lot size was 100. The shares listed on NSE only as CDSL is a subsidiary of BSE and SEBI guidelines don’t allow self-listing.

Caplin Point Laboratories Ltd. IPO (YEAR-1994): 116.94 times

Caplin Point Laboratories Ltd. was incorporated on 16 April, 1990 as a Private Limited Company under the name of Caplin Point Laboratories Pvt Ltd. The name of the company was changed to Caplin Point Laboratories Ltd. effective 23rd April 1993. Its IPO was subscribed 116.94 times.

Ganipitak Yakshraj Caplease Ltd. IPO (YEAR-1994): 116.61 times

Ganipitak Yakshraj Caplease Ltd. was incorporated on 14 February 1994. Its initial public offer was subscribed 116.61 times.

Saaketa Consultants Ltd. IPO (YEAR-1995): 115.30 times

The initial public offering of Saaketa Consultants Ltd. was subscribed 115.30 in the year 1995.

Amber Enterprises India Ltd. IPO (YEAR-2018): 115.10 times

Amber Enterprises IPO was subscribed 115.10 times in the year 2018. It was a main-board IPO of 6,984,866 equity shares of the face value of Rs 10 aggregating up to Rs 600.00 crores. The issue was priced at Rs 855 to Rs 859 per equity share. The minimum order quantity was 17 Shares. The IPO opened on 17 January 2018 and closed on 19 January 2018.

Mundra Port and Special Economic Zone Ltd IPO (YEAR-2007): 115 times

The IPO was subscribed 115.84 times at the close of bidding. The issue was open from November 1, 2007 – November 7, 2007, and the issue size was Rs 1,771 crore for 4.025 crore equity shares. The price band was Rs 400-440 and the lot size was 15.

Cinevista Communications Ltd. IPO (YEAR-2000): 114.84 times

Cinevistaas Ltd., previously known as Cinevista Communications (CCL) was incorporated in 1993, as partnership firm and was converted into a private limited company in May, 1997. Its IPO was subscribed 114.84 times.

BGR Energy Systems Ltd. IPO (YEAR-2007): 114.78 times

The initial public offer of BGR Energy Systems Ltd. was subscribed 114 times in 2007. The public issue was subscribed 46.89 times in the retail category, 161.67 times in the QIB category, and 153.08 times in the NII category. For the main-board IPO of 9,136,000 equity shares of the face value of Rs 10, the price band was fixed at Rs 425 to Rs 480 per equity share.

Infobahn Technologies Ltd. IPO (YEAR-2000): 114.12 times

The initial public offer of Infobahn Technologies Ltd was subscribed 114.12 times in the year 2000.

Sobha Developers Ltd. IPO (YEAR-2006): 113 times

Sobha Developers IPO was subscribed 113 times in 2006. It was a main-board IPO of 8,893,332 equity shares of the face value of Rs 10 aggregating up to Rs 569.17 Crores. The issue was priced at Rs 550 to Rs 640 per equity share. The IPO opened on 26 November and closed on 29 November 2006.

Radhe Developers (India) Ltd. IPO (YEAR-1995): 110.25 times

Radhe Developers (India) Limited is one of the leading real estate Company having presence in Gujarat, India. It offers residential, commercial, plotting and related projects. Its IPO in 1995 was subscribed 110.25 times.

Edelweiss Capital Ltd. IPO (YEAR-2007): 110 times

The IPO was subscribed 110.06 times at the close of bidding. The issue was open from 15-20 November, 2007, and the issue size was Rs 691.86 crore for close to 83.86 lakh equity shares. The price band was Rs 725-825 and the lot size was 8.

Indian Railways Catering and Tourism Corporation Ltd. (YEAR-2019): 109 times

IRCTC IPO was subscribed 109 times in 2019. It was a main-board IPO of 20,160,000 equity shares of the face value of Rs 10 aggregating up to Rs 645.12 crores. The issue was priced at Rs 315 to Rs 320 per equity share. The IPO opened on 30 September, and closed on 3 October 2019. The stock was listed on exchanges in October 2019.

Mindtree Consulting Ltd. IPO (YEAR-2007): 102.43 times

The IPO was subscribed 102.43 times at the close of bidding. The issue was open from 9-14 February 14, 2007, and the issue size was Rs 237.72 crore for close to 55.93 lakh equity shares. The price band was Rs 365-425 and the lot size was 15.

Avantel Softech Ltd. IPO (YEAR-2000): 102.40 times

Incorporated in May 1990 as Dialog Communications Pvt Ltd, the company was rechristened as Avantel Communications Pvt Ltd in August 1993 and later converted into Public Ltd company in December 1994. It was subsequently renamed as Avantel Softech Ltd in December 1998. The initial public offer of Avantel Softech in 2000 was subscribed 102.40 times.

Lakshmi Synthetic Machinery Manufacturers Ltd. IPO (YEAR-1990): 101.66 times

Lakshmi Synthetic Machinery Manufacturers Limited is a Non-govt company, incorporated on 9 December 1988. It’s a public unlisted company and is classified as ‘company limited by shares’. Its IPO in 1990 was subscribed 101.66 times.

Chemcon Speciality Chemicals Ltd. (YEAR-2020): 101.16 times

Chemcon Speciality Chemicals IPO received a robust response from the investors, subscribing 101.16 times on the last day of the bidding process. Retail investors subscribed their portion 40.43 times and NIIs oversubscribed their quota 449.14 times. While QIB subscription was 113.53 times.

BPL Sanyo Technologies Ltd. IPO (YEAR-1990): 100.74 times

The Company was Incorporated on 2nd September 1983, under the name of BPL Electronics Ltd. The name of the Company was changed to BPL Sanyo Technologies, Ltd. in 1986. Its initial public offer was subscribed 100.74 times.

Wim Plast Ltd. IPO (YEAR-1994): 100.16 times

Jointly promoted by the Cello and MG Shah groups as a private limited company in October 1988, Wim Plast (WPL) was converted into a public limited company in July 1993. It came out with its initial public offering in August 1994. The issue was subscribed 100.16 times.